Rakesh Retails Ltd. IPO Details
Rakesh Retails was incorporated in 1980. The company sells a wide range of consumer electronics and home appliances through retail stores and wholesale/distribution channels, offering products from brands such as LG, Whirlpool, Voltas, Panasonic, Haier and IFB. Its portfolio includes televisions, air conditioners, refrigerators, washing machines, microwave ovens, water purifiers, kitchen appliances, mobile phones, laptops and audio products
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 4.0 M | - | - | ₹0 | DRHP DOC |
Rakesh Retails issue details
Rakesh Retails has 4.0 M shares on offer
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Rakesh Retails IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | BSE |
Rakesh Retails NUMBER OF SHARES ON OFFER
Rakesh Retails FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 317.9 | 9.8 | -1.1 | -1.3 | 5.3% |
| FY25 | 195.1 | 6.1 | -6.4 | -7.0 | 6.0% |
| FY24 | 176.5 | 5.5 | -2.2 | -2.2 | 6.0% |
Rakesh Retails INFORMATION ON IPO ISSUE
About Rakesh Retails
Rakesh Retails was incorporated in 1980. The company sells a wide range of consumer electronics and home appliances through retail stores and wholesale/distribution channels, offering products from brands such as LG, Whirlpool, Voltas, Panasonic, Haier and IFB. Its portfolio includes televisions, air conditioners, refrigerators, washing machines, microwave ovens, water purifiers, kitchen appliances, mobile phones, laptops and audio products
Object of the Issue
- To meet expenditure for lease/ rent payments for their proposed new stores
- To meet working capital requirement towards minimum level of display inventory for their proposed new stores
- To meet cost of implementation of enterprise resource planning (ERP) software
- To meet general corporate purposes and unidentified inorganic acquisition
Rakesh Retails - PROMOTERS
| Name |
|---|
| Mohit Verma |
| Rakesh Kumar Verma |
| Manju Verma |
Rakesh Retails - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Mohit Verma | Managing Director |
| Rakesh Kumar Verma | Chairman & Whole Time Director |
| Manju Verma | Non- Executive Non-Independent Director |
| Nidhi Kumar Soin | Independent Director |
| Manish Manwani | Independent Director |
Rakesh Retails Book Running Lead Manager
Fintellectual Corporate Advisors Private Limited
ipo@fintellectualadvisors.com
Rakesh Retails Registrar to the Offer
Maashitla Securities Private Limited
investor.ipo@maashitla.com
Rakesh Retails Strengths
Diversified product portfolio
The company offers a wide range of consumer electronics and home appliances from reputed domestic and international brands, with a focus on air conditioners, televisions, washing machines, refrigerators and small appliances. It offers over 5,500 products from more than 50 brands, catering to different customer preferences and price points
Dealer relationship
The company has long-standing authorized dealership relationships with leading consumer electronics and home appliance brands, enabling efficient procurement, product availability and inventory management. These partnerships also provide benefits such as priority stock allocation, preferential pricing, early access to new products and co-marketing support, strengthening its competitive position
Retail network
The company operates 15 retail stores across North, West, East and South Delhi, serving customers across multiple residential and commercial areas. Its extensive store network strengthens its regional presence, visibility and accessibility across the NCT of Delhi
Rakesh Retails Risks
Working capital intensive
The company requires significant working capital, mainly for maintaining inventory and trade receivables, with additional investment needed as it expands its store network. Slow sales, supply disruptions, ageing inventory or lower turnover could strain liquidity and increase borrowing requirements
Risks of theft or fraud
The company faces risks of theft, fraud, employee misconduct and operational losses involving inventory and cash across its stores and warehouses. Such incidents could lead to financial losses, higher operating costs, customer dissatisfaction, reputational damage and legal or disciplinary action
Competition
The company operates in a highly competitive consumer electronics and home appliances market, with competition from retail chains, independent retailers, wholesalers, manufacturer outlets and e-commerce platforms. Failure to adapt to changing consumer preferences, technology and pricing trends, or compete with better-funded and more established players, could reduce its market share and adversely affect its financial performance
IPO FAQs
The promoters of the company are Mohit Verma, Rakesh Kumar Verma and Manju Verma.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.